Economists' principal tool for studying household behavioral responses to changes in tax and other government policies, and the magnitude and determinants of private saving, is the life-cycle model. The purpose of this paper is to attempt to incorporate into that model one of the most...

This study seeks to quantify determinants, and costs, of the labor-force participation of married women. We use demographic and earnings data from the Health and Retirement Study. The earnings data constitute an unusually long panel but have the defect of lacking corresponding reports on work...

We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive arising from uninsured health status risks. The model distinguishes between annuitized and non-annuitized wealth, emphasizes the importance of asset composition in determining...

We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive arising from uninsured health status risks. The model distinguishes between annuitized and non-annuitized wealth, emphasizes the importance of asset composition in determining...